Question 1

How is capital gains tax calculated in Canada?

Accepted Answer

Capital gain is the difference between sale price and purchase price. In 2024+, 50% of the gain is taxable on the first $250,000, and 66.67% above that. This taxable amount is added to your income.

Question 2

What is the capital gains inclusion rate in 2026?

Accepted Answer

For individuals, the rate is 50% on the first $250,000 of annual capital gains, and 66.67% (⅔) above that. For corporations and trusts, it's 66.67% from the first dollar.

Question 3

Can you deduct a capital loss?

Accepted Answer

Yes. Capital losses can be deducted from capital gains in the same year. Excess losses can be carried back 3 years or carried forward indefinitely.

Question 4

Are capital gains in a TFSA or RRSP taxed?

Accepted Answer

No. Gains inside a TFSA are 100% tax-free. In an RRSP, gains are not taxed on sale, but withdrawals are taxed as ordinary income.

Capital Gains Tax Calculator

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Capital Gains Tax Calculator

FAQ

How is capital gains tax calculated in Canada?

What is the capital gains inclusion rate in 2026?

Can you deduct a capital loss?

Are capital gains in a TFSA or RRSP taxed?

Capital Gains Tax Calculator

FAQ

How is capital gains tax calculated in Canada?

What is the capital gains inclusion rate in 2026?

Can you deduct a capital loss?

Are capital gains in a TFSA or RRSP taxed?